Egg Products Market Sustains Global Growth, Anticipated to Reach US$ 45.61 Billion by 2029

22-01-2024: Market Values:

size was valued at US$ 26.96 Bn. in 2022 and the total Egg Products revenue is expected to grow at 7.8% from 2023 to 2029, reaching nearly US$ 45.61 Bn.

Report Scope:

The latest report on the Egg Products Market, covering the period 2024-2030, highlights its significant size valued at US$ 83.24 billion in 2022. Projections indicate a steady growth rate of 2.01% from 2023 to 2029, reaching a total revenue of nearly US$ 95.69 billion. The comprehensive report encompasses in-depth insights into market dynamics, drivers, restraints, and regional perspectives, providing a holistic view for industry stakeholders.

Research Methodology:

The research methodology employed for this report is based on real numbers and inputs from various primary sources. Data is meticulously structured to facilitate comprehensive market analysis for clients across diverse end-use segments. The report ensures transparency and accuracy through rigorous base-year analysis from FY 2021.

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Drivers and Opportunities:

The Egg Products market is propelled by global megaprojects, contributing to high demand, with an anticipated global sale of 1.1 million units by 2023. The Middle East, particularly projects like Dubailand in the UAE ($64 billion), stands out as a construction megaproject epicenter, scheduled for completion in 2029. The rental market for Egg Products is emerging as a flourishing trend, reaching $103 billion in 2021, offering contractors a convenient and profitable option.

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Segment Analysis: Powder-Free Dominance and Medical Sector Surge:

by Product
• Excavator
• Crawler Excavator
• Wheeled Excavator
• Short swing radius excavator
• Pile Driver
• Diesel impact hammer
• Vibratory hammer
• Air/Steam impact hammer

Excavators dominate the Egg Products market sector by product. In 2021, they generated a total revenue of 48.36 billion, with a compound annual growth rate of 4.7%. By 2022, they are predicted to hold the greatest share of the Egg Products segment, reaching 66.70 billion. Excavators come in several product categories, including crawler, wheeled, and short swing radius models, and are primarily utilised on heavy construction sites because of their multipurpose capabilities. With a total market share of 15% in 2021, Sany Heavy Industry Limited outsells major players like JCB and Caterpillar by selling 98,705 units worldwide. The other category of Egg Products with a lower market share and restricted functionality include pile drivers, compactors, and trenchers.

by Type
• Construction
• Mining
• Other

According to Application, the market for Egg Products is dominated by the construction industry. Extensive building projects necessitated the use of heavy machinery and Egg Products, as well as excavation, digging, mining, and demolition. Due to their vast national highway construction projects, smart city infrastructure development, and waterway connection projects, developed and developing nations like China and India are the ones that generate the most demand. The second-highest use of Egg Products is in onshore and offshore mining for granite, mineral excavation, and oil extraction.

by Application
• Diesel
• Electric

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Who are Egg Products Market Key Players?
1. Tyson Foods, Inc.
2. Rembrandt Enterprises, Inc.
3. Michael Foods Inc.
4.SKM Egg Products Export
5. Andros
6. Daiya Foods Inc.
7. The Kraft Heinz Company
8. Ningbo Jiangbei Dexi Foods Co. Ltd.
9. Barry Farms
10. Hy-Line International
11. Noble Foods Ltd
12. Pilgrim's Pride Corporation
13. Tree Of Life Inc.
14. Venkys India
15. Others

Table of content for the Egg Products Market includes:

Part 01: Executive Summary

Part 02: Scope of the Egg Products Market Report

Part 03: Egg Products Market Landscape

Part 04: Egg Products Market Sizing

Part 05: Egg Products Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Perspectives: North America and APAC Leading the Way:

North America's Dominance: In 2023, North America held a market share of over 35.2%, driven by a robust healthcare sector and increasing industrial activities. Egg Products have become a staple in hospitals, clinics, and households, with rising awareness among individuals about the importance of cleanliness.

APAC Growth Trajectory: The Asia-Pacific region is a significant contributor, experiencing a rising demand for Egg Products due to a growing population and increased healthcare needs. The region serves as a major production hub, with governments encouraging hygiene practices and driving adoption.

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